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ECON FACTBOOK

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Economy of Oman

Population: 3.6 million in 20131

GDP: $81 billion in 20132

GDP per capita: $21,929 nominal3 ($44,052 PPP4) in 2013

GDP growth rate: 5.8% in 20125

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Mining and utilities37,87351.3%
Other activities14,74120.0%
Manufacturing7,71210.5%
Wholesale, retail trade, restaurants and hotels5,5147.5%
Construction3,6154.9%
Transport, storage and communication3,5014.7%
Agriculture, hunting, forestry, fishing8221.1%
Total value added73,778100%

Employment

Unemployment rate: 7.9% in 20137

Employment by Industry

N/A

Corporations

Top 10 Corporations by Revenue 20138

N/A

Households

Household Wealth: $93 billion (115% of GDP) in 20149

Household Wealth per Adult: $49,217 in 20149

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $34 billion (42% of GDP) in 201310

Central Government Expenditure: $35 billion (43% of GDP) in 201310

Central Government Budget Balance: -$1 billion (-1% of GDP) in 201310

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

State General Reserve Fund: $13 billion (16% of GDP) in 201411

Tax Structure 2013

Individual Income Tax Rates and Thresholds in 201312

Corporate Tax Rate: 12% in 201413

Monetary Policy

Money Supply (M1): $12 billion (5% of GDP) in Oct 2014* 14

Benchmark Interest Rate: N/A

Total Reserves: $16 billion (20% of GDP) in 201315

Exchange Rate: .385 Omani Rial = 1 U.S. Dollar on Feb 2, 201516

Inflation: 1.2% in 201317

* Money supply calculated using the exchange rate .385 OMR = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201318

N/A (data not available at Relbanks.com)

International Accounts

Exports: $56 billion (69% of GDP) in 201319

Imports: $31 billion (38% of GDP) in 201319

Trade Balance: +$25 billion (+31% of GDP) in 201319

Foreign Direct Investment Inflow: $1.6 billion (2% of GDP) in 201320

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: N/A

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: Annual reports (Corporate data) Go back
9. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
10. Source: CIA World Factbook (Government budget) Go back
11. Source: ESADE Sovereign Wealth Funds (Government Funds) Go back
12. Source: PKF Tax Guide (Individual tax rates) Go back
13. Source: Tax Foundation (Corporate tax rate) Go back
14. Source: Central Bank of Oman (Money supply) Go back
15. Source: World Bank Indicators (Total reserves) Go back
16. Source: XE.com (Exchange rate) Go back
17. Source: World Bank Indicators (Inflation rate) Go back
18. Source: Relbanks.com (Financial institutions by assets) Go back
19. Source: CIA World Factbook (Trade data) Go back
20. Source: World Bank Indicators (FDI data) Go back